The assistance comes as an addition to an earlier grant of $2 million approved in 2018 for creating innovative knowledge solutions on strategic issues for Bangladesh’s economic transformation, according to a press release. He said that Bangladesh has immense opportunities to make significant progress in the Doing Business indicators since its current ranking is only 168 out of 190 economies. The countries that score high on Doing Business rankings have several common features such as sound business regulation with a high degree of transparency, and widespread use of digital systems,” said Parkash. Studies on economic corridor development, augmenting the capacity of the investment development agency and related government departments as well as the business community will be prioritized for support under the assistance. Bangladesh needs to significantly improve in many indicators of the Doing Business ranking in order to catch up with other regional countries, including China and India, that have progressed in their rankings in recent years.

Source: Dhaka Tribune December 16, 2020 07:18 UTC